A Snapshot of Australia's Housing Market

Monday, August 01, 2016

Owning a home is the great Australian dream, but with 30% of Australians renting, could our love affair with bricks and mortar be turning sour? Our Aussie states go head to head as we compare affordability for buyers and renters.

How many Australians own their home outright and how many have a mortgage?

2 in 5 (40%) Australians are trying to own their own home and slowly pay it off, with the smallest category of all, 28%, being lucky enough to have paid off their home in full.

How do the capital cities compare when it comes to renting an apartment?

As you would expect, Sydney ranks as the most expensive city, costed at about $500 per week for your average apartment. Amazingly, Darwin is up there as well due to more more demand than supply and with not the same investment in stock. Meanwhile, if you move down to Hobart, it is almost half that, paying about $270 per week, and Adelaide not much beyond that at $370.

What if you are looking to buy a home, how much is that?

Sydney is still leading Australia by a long way with almost a $1,000,000 median house price. A distant second is Melbourne, at over $800,000. If you look down to Hobart, the median house price is $357,000, so that means using the money spent on a home in Sydney, you could buy about 3 homes in Hobart – and a pretty good lifestyle down there as well.

Looking at Australia as a whole, what is the percentage of apartments to houses?

About 3 in 4 Australians live in a detached home, so that’s traditionally been the Aussie dream. Then you have about 14% who live in apartments and 10% in townhouses. We are starting to see a change though, with a quarter of Australians now living in medium to high density housing. At the moment if you look at new housing approvals, it's 1 in 3, so it has gone up. If you look at Sydney and Melbourne, 2 in 3 new housing approvals are in medium to high density living. So we are starting to get more densified, with an increase in vertical communities compared to the more traditional horizontal ones, and that’s where we are headed in the future.

Watch Mark's full interview on The Daily Edition here

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

personal growth pyrmont Social Trend Gen Y cooking faux-ciliser rain ACF South Australia greatness capital city financial fears social trends Myth names Australians bureau financial future school satisfaction offenders tertiary education 1975 curiosity census fail ferry VIC relational men program learn snapshot challenge follow parents trend tuesday thrive mccrindle tea prince george global generations ACF 2016 social media Tasmania Australian Census youth unemployment social analysis tuesday Wellington sentiments 2013 Gen X coffee baby names technology student transport baby name predictions 2012 report social research friendship Caregiver volunteers entrepreneurial 40 million food ACT generation research visualisation easter know the times customer aussie culture society Res Vis in depth interviews eliane WA communication cancelling plans socialising survey design rental stress housing resilience infographic wall youth land of the middle class shopper's pick analysis schools students mccrindle research Love New South Wales future-proof forecasting wolloomooloo community engagement 10 years urban living index motivate McCrindle Speakers graphs buildings the australian dream suburban living group English trends of 2017 sports System's Architect click community university degree Geoff Brailey australia presentations shbc staying in Assistant Store Manager ultimo 2016 census Territory states digital Channel 7 teach ease of travel EFF village tableau responsive interactive Christmas presents vegemite housing growth apartment media commentary meals Sydney mythbusting research Aussie local communities deloitte renting waverton engage manly event ashley mckenzie internet census results urban taskforce retirement growth work communities "know the times" households gender mentor typical australian finance low density internships annual income hopes home owner holiday Royals market research litter christmas SA demographic transformations eliane miles blaxland Northern Beaches suburb Deaths mover and shaker water cost clothing focus groups TDE tv women house price rise baby name sydney speaker megatrends gold coast 23 million dreaming #censusfail wealth and income culturally diverse relevant office space demographic office vegetarian language JOMO growing population perth economy teachers Adelaide workshop cartodb PSI crime easy rider monarchy happiness data visualisation home home ownership the hills shire video menai employment winter blues nfp Financial Planning Week experience Financial Planning Association of Australia moreton bay sydney hills generations families Australian Communities Trends social issues professional Valentine’s Day bus Word Up society trends gen z 2016 sunburnt country panel Netflix overcast marriages infographic conference speaker careers brand storytelling demographics 2014 omnibus group session Channel Seven teacher university skills study trends analyst survey learning styles Engineering Manager travelling australian communities trends report DIY city Australian demographics fears commute new office gen alpha CBD community event charity generation alpha politics non profit professional development local investing energy work mates HSC christian google for education 1980 census meetings earnings ipswich public speaking DESTEL communications entertainment Crime Rates long weekend house mccrindle in the media weekly earnings economic government educated schools financial dreams small business sustainable changing face of sydney rise of local national crime rates property price environmental scanning australian communities forum future proofing debate mateship visualisation high density living facts Australia Day 2017 Hornsby Shire Council anzac paying to work social commentary Kirsten Brewer list insights religion cold Tuesday Trend school students criminal research pack hills shire rule keeper plans Wodonga goal travel poker master story balance hobart income Australian Trends financial independence etiquette Northern beaches Event house prices newspaper healthy future royal baby seasons alpha toys christianity victoria wealth sector Christmas lunch rising house prices 24 million population map pharmacy staff workplace culture bondi social enquiry narcissism Research Executive family Generation X sydneycity world youth day mythbusters 2017 trend New Zealand Real Estate Institute of Victoria FPA students rent work-life public speaker ashley fell baby name trends award winner ageing population life social life year 7 innovative socialites earning 24,000,000 tattoos future proof networking 1994 the average aussie house price REIV Conference 2016 census results consumerism marriage earn proactive New Zeland grandparents leader organisational culture Queensland: QLD parenting social researcher year 12 emerging generations workplace 1968 world summer business Australia Day faux-cilising population contiki Real Estate winter millennials forum Kiwi wages statistics Merry Christmas training not-for-profit cancel plans population milestone Christchurch child care Generation Y Charlotte keynote Tuesday Trends emerging technologies professional speaker Do It Yourself social Aussies define middle class norwest professional services post rationalism learning ageing tips mccrindle innovation medicine optus salary REIV National Conference focus group TAS baby boomers not for profit rich engagement social researchers royal influence office opening wedding young people emerging trends Bathburst investor Northern Territory australian social research domestic sydneysiders demographer product online media release entrepreneurs of today social impact church trends of 2016 Australian schools hello fresh wealth distribution social commentator cost of living Australian communities quote high density apartments data analyst research services slideshare IT Specialists February 16 SMSF high school ABS unemployment sector wide educhat affordable daily commute speakers Scouts cars affordability trends stats living young australians weather logan leadership darwin Population Clock media wealth and income distribution internship publication online shopping shopping unaffordable 2020 cloudy days case study teleworking goals financial shifts change mining boom Australian Bureau of Statistics media activity cancelling event authenticity events education future report children identity wage GPO participants jobs of the future sun national wealth divorce 2015 optus my business awards debt NEETs researcher ideas lifestyle research data acf15 demographic trends Canberra urban living consumer potts point The ABC of XYZ national private wealth mother's day tea mortgage supply and demand aged care thought leadership social lives aged care puzzle holidays investment teaching area moderators guide twentyseventeen sunny days generation Z NT millenials suburbs Financial Planning Association marketing commuters Births future of education collaborative resource personalities futurist Sydney keynote speaker culture World Water Day optimistic renter of the future jobs poor royal family school state in the media friends owning a home Australian Dream train conference Wagga Wagga leadership workshop father's day Australian Families FOMO education future housing market the changing face of workforce baby boom cultural diversity Northern Beaches Christian School residents Melbourne results builders public holiday repayments equip education baby household geomapping social change brands sydney event future of work priorities Queensland australians staying home more global Duchess of Cambridge crows nest housing trends conference presentation education sector stay home ethnography organisations global financial crisis increasing densification new york times The Daily Edition property market property keynote speaker data neutral bay urban outsourcing collaboration google safe award marrickville census 2016 the hills sydney metro pharmacies January 26th fresh intern car average aussie capital cities townhouses cash hornsby faux-cilise divorce rate insight population growth dream sector wide study real dare to dream brand experience visual spend huffington post celebration going out generational trends recap royal millionth qualitative research communicate learner brisbane princess charlotte selfie employers business index education research daily telegraph presentation housing affordability high density Christmas season kate middleton woolworths Western Australia environment future career wellbeing couple conferences NSW forecast Education Future Forum budget news lalor park Mark McCrindle social shifts Australian Home mobile entrepreneur dessert

Archive